Amasa x Satoshi Club AMA Recap from 20th of July

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Amasa and our guests were @willbirks and @ScottTB. The AMA took place on 20 July.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram community

D. | Satoshi Club; good day everyone! we starting AMA with Amasa! 😊

Gold Rocket | Satoshi Club: Hello, dear Satoshi Club community! We are pleased to announce our next AMA with Amasa!

D. | Satoshi Club; today our guests – @willbirks and @ScottTB!

Scott B: Hi all!

William Birks: Hi everyone!

Gold Rocket | Satoshi Club:Hello and welcome to Satoshi Club

Scott B:Thanks for having us today Satoshi Club

Gold Rocket | Satoshi Club: We are very excited about the upcoming AMA, and you?

Scott B: Super pumped for this AMA!

William Birks: For sure, keen to hear from the community!

D. | Satoshi Club; so let’s start our AMA with brief intro! 🚀

Gold Rocket | Satoshi Club: Let’s start!

Introduce yourself please. How did you get to be involved in crypto & Amasa?

Tell us please about your position in Amasa.

William Birks: Sure!

So I have been involved in the space ( down the rabbit hole) since early 2017, and the idea behind Amasa was generated early in 2018. We’re both co-founders of the project, there were 5 of us initially on board, and we all work across different aspects of the project as co-contributors, my focus is on project management and ecosystem development

Scott B: I feel into the wonderful world of crypto in 2017 along with a few close friends. One of those friends was Will here and we spent a lot of time talking about the challenges and opportunities in the space. Amasa was born out of the shared view between us that anyone on the internet should have the opportunity to generate value from their time online.

My primary function at Amasa is investor relations and partnerships.

Gold Rocket | Satoshi Club: it means you have been in crypto for a long time and have seen crypto winter and crypto spring 😁

William Birks: Hah yes all the seasons

Gold Rocket | Satoshi Club: @willbirks and @ScottTB! Guys you have good experience dare to notice👍

What is the essence of Amasa?

The main idea you want to present to the world😁

Scott B: To help people – anyone in the world with a smartphone connected to the internet – become producers and not just products for big corporations

Gold Rocket | Satoshi Club: Wow! These are very ambitious goals.👏

Scott B: Producers who can generate value, increase their wealth and improve their lives

Gold Rocket | Satoshi Club: What plans do you have for the future?

Scott B: Our plans are to grow our ecosystem and build the Amasa platform to become an integral part in increasing the adoption of Web3 and DeFi worldwide

Gold Rocket | Satoshi Club: Also we would like to know about your team. Who is on the project team core?

Scott B: We have 5 core contributors and a team of advisors.

The core contributors are:

Will as mentioned above

Sylvan – community and growth

Chirag – tech guru

James – digital strategy

And me 😁

*Advisors can be found on the website amasa.io

Gold Rocket | Satoshi Club: great! 😉 is your team anonymous?

D. | Satoshi Club; nice! so all people who formed the project initially are still working on it?

William Birks: We’re actually more like semi-anon – we’re known to those within our ecosystem and don’t try to hide our identities to the degree that others do, but we also value privacy and don’t promote the team like other projects do. I’m sure we will get more publicity over time though!

Scott B: #Amasaforlyfe !!

Gold Rocket | Satoshi Club: Thanks 😉

Thanks for great introduction, we will have a question selected for the Part 1. Ready to start?

Scott B: And yes the original core contributors who formed the project are still very much a part of it

Ready!

D. | Satoshi Club; let’s goooooooooo!

Q1 from Telegram user @Asela1112

As you said, users can earn money or crypto Viewing ads on web browsers and social media apps within Amasa ecosystem. But I have experienced with centralized ad clicking websites such as ClixSense, NeoBux, Swagbucks etc & trust me, that experience was not good since it allows to earn only 0.5$ per day maximumly. If we want more money, we should find referrals. What about your platform? Is Amasa platform different than other ad Clicking platforms? What is the guranteed minimum value that a user can gain from ad Clicking per month?

Scott B: 🚀

To us, that’s the difference between the centralised versions now and what’s possible with blockchain and crypto. Referrals are a many to one model, but the evolution of Web 3 platforms that pay for likes, posts, gaming achievement, viewing ads, sharing data etc is a collective platform to many model so it’s quite a shift away from that. Amasa is completely different to ad clicking platforms. In some broad sense you could say Brave is an ad clicking platform, but Brave would be just one of many income stream providers which could allow it’s users to send their earned tokens through to Amasa. Direct earning potential within Amasa itself could come through in development of platform utility, but this would need to be voted in by the DAO and is later on the roadmap. Our core model is not for people to earn through manual interactions on Amasa.

There’s no minimum or maximum value one can earn but the potential is far greater than those centralised websites you mention due to the sheer number of potential income streams across a wide range of use cases

Gold Rocket | Satoshi Club: Clear answer😁

Do your users need to pass KYC?

Scott B: We are planning not to have to implement KYC for users

D. | Satoshi Club; will people be able to withdraw their BAT tokens which were earned on brave browser through your platform?

as i know, currently people have to pass KYC to withdrawal their funds there

Scott B: We can’t control the KYC requirements for other platforms – for projects integrated within Amasa, users will have control over their own token streams

Gold Rocket | Satoshi Club: Thanks for your answers! ready for the next question?

Scott B: Good to go

D. | Satoshi Club; got it 👍

Q2 from Telegram user @h1drX

I would like you to talk about the Amasa token (AMAS). First of all, where can you buy $AMAS? Is it listed on all DEX’s and CEX’s? On your website I saw that the total supply of the token is 200M of which 8,375M are circulating. Why did you decide to launch this amount of tokens on the market? When do you plan to release the rest of the supply and how do you plan to do it? Also, in the Amasa ecosystem, what is the usefulness of the $AMAS token? What are the use cases? And finally, what is the distribution model for the per transaction fee?

Scott B: The AMAS token is currently not listed or available, and there is no circulating supply. The potential circulating supply in our tokenomics comes from private funding rounds through unlocked tokens that were distributed and may be made available by third parties. We will have more information about our planned IDO in coming weeks. AMAS is a governance token. There is potential for further use cases which will be proposed and voted on by the Amasa DAO once the platform is built and live. Any distribution model for transaction fees would also be part of this.

Gold Rocket | Satoshi Club: By the way, share your tokenomics.

Scott B:

Gold Rocket | Satoshi Club: Thanks for sharing 😊

Scott B: 200,000,000 total tokens

Gold Rocket | Satoshi Club: Can we proceed. Or you want to add something?😊

Scott B: Let’s proceed 😀

Q3 from Telegram user @yellowchamp

Amasa have a community education component, with guides and it what makes Amasa unique. So, can you explain more about the community education that Amasa will be implemented in your platform? How will this community education be carried out in your platform? How can anyone participate this community education? What will be the content and learnings that this community education will impart in your community? Is this free education or community need to pay for this? Thank you

Scott B: Very thorough reading of the website @yellowchamp ! We will have a community education component – we don’t yet ; ) That will be designed to educate people who might be new to the space, on topics like Web 3, DeFi, micro income streams, security, and also more advanced explainers within key topics that will help people get the most out of using Amasa. We plan to have it accessible through the app, and on our website. It will take the form of written content and video content. There are already plenty of great resources around, we will just tailor the information to what will benefit our users. All material will be free.

Gold Rocket | Satoshi Club: it is very important to invest in training. this is part of the mass adoption😊👏

William Birks: For sure!

Gold Rocket | Satoshi Club: Thanks for your answers 😃

Ready to proceed to the next question?😉

Scott B: let’s do it

D. | Satoshi Club; that’s nice! new people in crypto should have good guides which help them not fall into scams and warn them to not share their seed phrases 😊👍

Q4 from Telegram user @victorogb

Amasa has been on a strategic and concise partnerships with reputable technical, digital and gaming brands. Notable amongst this is your partnership with Animoca Brands and more recently Axie Infinity. These brands are industry heavy weights when it comes to gaming, NFTs and digital content transactions. Therefore, how would Amasa enable users and players efficiently maximize the potentials within these brands, how would Amasa ensure a secure and seemless interface between users connecting accross it’s available partner brands, and with a huge demand for NFTs, gaming, digital and VR contents, how will Amasa create a standardised market for this?

Scott B: We do have a close partnership with Animoca Brands; we have no partnership with Axie Infinity as yet, we just love what they do and will work towards partnering with them as we build our platform.

We plan to build into the app UX ways for people to find and connect with other micro income streams, which will include projects we have integrated and partnered with for sure. Growing communities and having them cross over into each other will be a big goal for us. We don’t plan to create a market for sales of NFTs and other digital content if that’s what you mean, but we aim to help generate value for those areas by increasing user onboards into projects within those areas and increasing the value each user can generate.

Gold Rocket | Satoshi Club: thank you very much for the great answer! I suggest jumping to the next question🚀

Scott B: Please fire away

Q5 from Telegram User @Arisabela

Amasa offers a way to stabilize and keep the users earnings safe by doing auto swaps to stablecoins. So I have many doubts about it, to begin with, what stablecoins will be included in your ecosystem? Is there a way to program these auto-swaps or disable them when the user requires it? And finally, will a commission be charged for each of these swaps?

Scott B: Thanks for the question @Arisabela

We will be including the Synthetix sUSD stable coin in the Amasa ecosystem. Auto-swaps will take place at time or value limit based stages that are pre-set and a user will have the option to keep the micro income stream in the native token. Commission will not be charged, only the applicable transaction fee which we will aim to reduce wherever possible.

D. | Satoshi Club; why you decided to use sUSD?

Gold Rocket | Satoshi Club: By the way, please share where I can buy tokens $АMAS

D. | Satoshi Club; nowhere at the moment 😁

wait for IDO 😉😄

Gold Rocket | Satoshi Club: Oops😁😅

Scott B: With our affiliation with Synthetix it makes sense for us to start with sUSD so we can build on Synthetix and integrate their suite of products as applicable. sUSD won’t be the only stable coin integrated

Gold Rocket | Satoshi Club: I will definitely wait😁

D. | Satoshi Club; gotcha! big thank you for answer 😊

Q6 from Telegram user @meml97

I saw that in order to really utilise Amasa, users should link their Amplify wallet to your platform. But I was wondering, if I want to start taking fully advantage of Amasa, but I want to use Trust Wallet or Metamask because I already own wallets there, will I be able to link them to your platform as well or will you just work with your Amplify wallet?

Scott B: People will be able to send funds from their other wallets as manual transactions and withdraw from their Amplify wallet to other wallets, but at this stage we are not planning to integrate linked external wallets like MetaMask directly into Amasa.

D. | Satoshi Club; Amplify wallet will be similar to Metamask or Trust in terms of functions? or will be have any unique features?

Scott B: There will be similar functionality within the Amasa platform – the unique features of combine, stabilise and amplify differentiate it from those other wallets. Portfolio management and auto-swap configurations will also be features.

Gold Rocket | Satoshi Club: Thank you very much for the great first part of AMA! Now get ready for the most impressive part of our AMA! Live questions🚀🚀🚀 If you want, you can share useful links with Satoshi Clubbers before this.😉

William Birks: https://www.amasa.io/

https://amasa.medium.com/

Tweets by Amasa_io

https://t.me/amasa_community

Feel free to join our Telegram community and follow on Twitter for news and updates!

Part 2 — live questions from the Telegram community

Q1 from telegram username @ashwini_Crypto

What Problems does Web 3.0 platforms solves for users?

Why do you think platforms like these have the capacity to meaning fully impact one’s quality of life & Financial Position?

Scott B: Web 3.0 is a whole new generation of decentralised platforms and services that people can earn value from – it will revolutionise gaming, data sharing, social media to name a few and allow people to earn people for their time and online interactions. The meaningful impact is returning the value that was previously consumed by big tech companies back to the users.

Q2 from telegram username @JoanaZ

➡️Your governance token AMAS has programmed an offering in these Q3, but there doesn’t appear any date yet, so can you give us and advance about where or when will be your official offering? How many token are you destined to this event?

Scott B: We will keep the community updated as to the exact date of the IDO – there will be 3.75M tokens allocated for community members in the IDO

Q3 from telegram username @Xusuo

Your project name “Amasa” is quite unique, can you give a reason why you choose this name for a project? Is there any story that you can share regarding the name?

William Birks: So the name Amasa comes from amass, so it’s an ‘amasser’ – essentially allowing people to amass a meaningful amount of value from many small payments. It just came to me as the perfect name when I was thinking about the idea at the start and it stuck. Also as a side note here, the logo has a hidden UP arrow in the negative space between word and icon ☺️

Q4 from telegram username @doithay1617

Hello @willbirks and @ScottTB

Amasa goal is to help empower anybody anywhere to capture and capitalise on micro income streams, can you provide us some examples of ” micro income streams” ?

Scott B: There are many, and many more emerging. Some examples include: social network interactions, viewing ads on web browsers and social media apps, tracking and personal data opt-ins, play to earn gaming, professional network interactions, sharing HDD storage/CPU/GPU power on cloud networks, digital products and dCommerce, NFTs.

Q5 from telegram username @sophiejohnson1

What should a NEW INVESTOR from old finance who does not know crypto do when he wants to attend AMASA? How will you guide? How will you convince him to win?

Scott B: We plan to make it as easy as possible for new entrants to crypto to use the platform and start to generate value – this is one of the primary drivers behind the Amasa platform. If you have a smartphone and are connected to the internet, many of these micro income streams are available to you with only very slight changes in your behaviour

Q6 from telegram username @KeymerS

Could you really explain what you mean by “micro income stream amplifier”? They only mean that they will have certain tools and small products that will allow them to obtain income without much effort? or is it really something very different?

Scott B: True amplification will come from integration with a range of defi protocols – such as yield optimisers and decentralised funds management

Q7 from telegram username @Pratze

I think Amasa is really great project, could you please share what are your marketing plan to attract new user into your project? How do you convince them that you are special and unique?

Scott B: Tapping into the user bases of our wonderful and growing ecosystem partners is how Amasa will attract users into the its platform. Amasa is the first of its kind and the potential for positive social impact in many developing nations with no-to-low income earners is immense

Q8 from telegram username @smegha1

Have you complete any AUDIT? Do you have any AUDIT certificates, or are you working to AUDIT your project, to make it more secure and reliable?

Scott B: The initial smart contracts of the project have been audited by Certik and all future smart contracts will continue to be audited by established and respected third parties.

Q9 from telegram username @nguyenben

Why did Amasa choose sUSD instead of USDT, USDC, …?

William Birks: We have an established relationship with Synthetix and believe in their ability to continue to lead in the DeFi space. By building in sUSD initially, we are supporting them as a protocol and will also be working to integrate other aspects of their suite of synth products, as well as alignment to implement new developments in an evolving way. Other popular stablecoins can and will be added along the roadmap

Q10 from telegram username @Shaa93

Centralized online businesses create obscenely wealthy founders and space cowboys. How will Amasa spread wealth among users?

Scott B: Amasa is helping to facilitate the transition to using decentralised platforms and protocols that distribute value created directly to the network users instead of being channelled to big tech companies. As awareness of these micro income stream opportunities grow, Amasa is helping to re-write the script on value creation from users’ time online. As the DAO develops, the community will have a say in the future direction of Amasa.